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"B2C is the second chapter. In B2B, we see lot of fake invoices, which is a challenge to increase the GST collection," he added. The Goods and Service Tax Network (GSTN) recently released a detailed ...

Around 69.5 lakh Invoice Reference Numbers (IRN)s have been generated by 71,000 users in the first week of implementation of goods and services tax (GST) e-invoicing system. 2- On the first day of the ...

Following the financial news carefully, you will remember that the overall turnover has been reduced to ₹5 crore from ₹10 crore. Does it apply to your enterprise? If yes, opting for an e-Invoice from ...

In a big relief to small companies, the Central Board of Indirect Taxes and Customs (CBIC) has raised the threshold limit to mandatorily file e-invoice to Rs 500 crore from earlier Rs 100 crore ...

GST Network CEO Prakash Kumar on Friday said e-invoicing and the new format for filing GST will help improve the ease of doing business and reporting for the indirect taxes. "E-invoicing is a step ...

E-invoicing is being implemented in a phased manner. It will be mandatory for all from the next financial year as part of the government’s ongoing efforts towards ‘Ease of Doing Business’ and ...

The new GST electronic invoice system is aimed at reducing GST manipulations through fake invoices, but the changes that the government is bringing to the system are posing challenges to businesses on ...

NEW DELHI: GST-registered businesses with annual turnover of Rs 10 crore or more will have to generate e-invoices for B2B transactions from October 1, the finance ministry said. Currently, businesses ...